Our website uses cookies and other technologies so that we can remember you and understand how you and other visitors use our website. By continuing to browse this Site, you are agreeing to our use of cookies. Click here for more information on our Cookie Policy, including how you may control the information we collect about you through cookies.
Read MoreAccept

Atlanta Industrial Activity in 2015 Surpasses 2014

Atlanta, Jan. 6, 2016 – CBRE Research reports that Atlanta’s industrial
new absorption in 2015 totaled 17.5 million sq. ft., just surpassing 2014’s
record year of 17.4 million sq. ft. Only two other years in Atlanta’s history
saw a better industrial performance: 1997 and 1998. The year closed strong,
with Q4 2015 representing the third largest quarter of industrial absorption in
Atlanta in the last eight years.

The majority of activity was on Atlanta’s south
side with the South Atlanta submarket clocking 6.7 million sq. ft. of
absorption. The Northeast submarket followed with 4.8 million sq. ft. of
absorption.

At 7.6% vacant, the Atlanta market is at its tightest
point since 2000. Consistent positive net absorption and occupied deliveries
were the driving forces behind the significant drop in market vacancy.

This past year saw 10.8 million sq. ft. of
industrial product added to the market, which is the highest amount since 2007.
If current trends hold, CBRE Research found that deliveries could top 40
million sq. ft. over the next two years.

“With the positive net absorption seen in 2015,
rates are expected to increase over the short term,” said Dan Wagner, CBRE Southeast Research Manager. “Current and future speculative construction may
help to mitigate increases in rent, but strong ongoing demand is weighing on
available supply right now.”

About
CBRE Group, Inc.CBRE
Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in
Los Angeles, is the world’s largest commercial real estate services and
investment firm (in terms of 2014 revenue). The Company has more than 70,000
employees (excluding affiliates), and serves real estate owners, investors and
occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers
strategic advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and
research and consulting. Please visit our website at www.cbre.com.